The cryptocurrency market teased an alt season

The market continued to stabilise this week, and generally moved sideways despite dipping in value towards the end of the seven-day period. The total crypto market cap stood at around $267B early on Monday, and slipped to $263B during the afternoon, however, the total cap recovered during the evening and ended the day at around $266B.

After dipping slightly early on Tuesday, the market picked up $5B to touch the $270B mark later in the evening, and the total cap continued to fluctuate around $272B until the early hours of Thursday. A sudden drop saw the market lose $10B in value and fall back to $262B which represented a 3.6% loss in value, this took place in just a few hours and it took until the late afternoon for the situation to reverse and Thursday ended with the total cap staying close to $272B once again.

The weekend brought a more sustained decline as the market fell from $270B early on Saturday to $265B later in the evening, and as the week comes to an end, the market continues to fluctuate at around the same value.

The daily trading volume stood at around $50B on Monday and peaked at $75B on Friday, and the 24 hour daily trading volume currently stands at $51B while the total market valuation stands at $265B.

The sideways move led to mixed results across the market and Bitcoin fell by 2.9% while Ethereum grew by 10.5% in value. XLM was the biggest winner as it grew by 16.2%, while XRP made a 5.6% gain. EOS lost 6.2% over the week and the rest of the top ten generally made smaller moves.

Close to half of the top 100 coins were in the green over the week and ZRX topped the charts and grew by close to 33%. It was followed by XLM, which added 16.2% as mentioned previously. IOTA and LINK also performed well, securing double-digit gains.

Bitcoin displayed an unexciting performance

Bitcoin started out trading at around $10,300, and lost close to $150 during the afternoon before recovering to end Monday at just under $10,300. BTC then went on to fluctuate around $10,200 until the early hours of Thursday when it made its most significant moves. The price fell by 3.4% from $10,200 to $9,850 during the early hours, and BTC then moved back up from $9,875 to $10,225 later in the evening.

Despite this recovery, the price of BTC retraced over the weekend and fell by over $100 on Saturday to drop below the $10,000 mark, and BTC continues to fluctuate at around the same value as the week comes to an end.

Bitcoin’s daily trading volume stood at around $13.5B on Monday and peaked at around $20.5B on Friday, the 24 hour trading volume currently stands at $13.4B while BTC is trading at $10,010 and retains a market cap of $179.7B. Bitcoin also enjoys a market dominance of 67.6%.

Ethereum surged back above $200

Ethereum moved independently from Bitcoin over the week and began by trading at around $190. ETH picked up around $7 over Monday and the price continued to run up on Tuesday and eventually hit $210 as 6.6% in value was gained over the day. ETH then hit $215 on Wednesday before going on to lose $10 in value early on Thursday.

However, this set up a further surge as ETH grew by 7.3% and moved from $205 to $220 as the day came to an end. ETH then went on to move within a $5 range until well into the weekend finally fell back below $215 during the early hours of Sunday, and ETH continues to fluctuate around $210 as the week comes to an end.

Ethereum’s daily trading volume stood at $6.5B on Monday and reached $10.7B on Wednesday, and the 24 hour trading volume currently stands at $7.3B, while ETH is trading at $207.7 and retains a market cap of $22.4B.